Investing.com - The Bank of England kept its benchmark interest rate unchanged in October and announced no change to its asset purchase facility program, it said on Thursday.
The BoE said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move.
The bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at GBP375 billion.
The minutes of the meeting of the central bank’s monetary policy committee, the fourth under the leadership of new Governor Mark Carney, will be published on Wednesday, October 23.
Following the announcement, the pound held on to modest losses against the U.S. dollar, with GBP/USD shedding 0.04% to trade at 1.5950.
Meanwhile, European stock markets remained higher. London’s FTSE 100 rallied 1.1%, the EURO STOXX 50 rose 1.7%, France’s CAC 40 added 1.5%, while Germany's DAX climbed 1.4%.
The BoE said it was maintaining the benchmark interest rate at 0.50%, in a widely expected move.
The bank also said it was to maintain the stock of asset purchases financed by the issuance of central bank reserves at GBP375 billion.
The minutes of the meeting of the central bank’s monetary policy committee, the fourth under the leadership of new Governor Mark Carney, will be published on Wednesday, October 23.
Following the announcement, the pound held on to modest losses against the U.S. dollar, with GBP/USD shedding 0.04% to trade at 1.5950.
Meanwhile, European stock markets remained higher. London’s FTSE 100 rallied 1.1%, the EURO STOXX 50 rose 1.7%, France’s CAC 40 added 1.5%, while Germany's DAX climbed 1.4%.